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Showing 7161 - 7170 of 18271 results for "Plan"

Prime subsidiary acquires accounting firm

ALEX BURKE  |  FRIDAY, 26 AUG 2016
... process. Prime already had a minority interest in Melbourne-based Watermans International, but as part of MPR's strategic growth plan this stake has now considerably increased, and will add an additional $1 million annual turnover to Prime's accounting ...

ASIC bans former Macquarie advisers

JAMIE WILLIAMSON  |  THURSDAY, 25 AUG 2016
ASIC has banned two former Macquarie advisers from providing financial services. Anthony Jason Sourris and Sarah Kate Gardner have been banned for two and a half years and one year respectively after ASIC found they were both involved in, and lied to ...

Managed accounts to disrupt fund businesses to the tune of $60bn

MICHELLE BALTAZAR  |  THURSDAY, 25 AUG 2016
The managed accounts industry is tipped to hit $60 billion by 2020, heavily disrupting traditional asset manager business models and driving the growth of financial advice groups, according to Morgan Stanley Research. In an extensive 75-page broker ...

Parliament goes to war on super

DARREN SNYDER  |  THURSDAY, 25 AUG 2016
Superannuation policy is headlined as one of the federal government's first tests when parliament resumes next week, following opposition plans to amend some of the biggest changes to super in a decade. Opposition Leader Bill Shorten wants the $500,000 ...

Super fund backs Sydney water

DARREN SNYDER  |  WEDNESDAY, 24 AUG 2016
An industry superannuation fund is recommitting investment in one of Sydney's largest infrastructure assets, maintaining the fund's significant allocation in the 'fortress-like' asset class. UniSuper is extending its partnership in the Prospect Water ...

ASIC accepts EU from My Adviser

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
... prepare a report demonstrating compliance with sections 961B and 961G of the Corporations Act, and Prepare a remedial action plan to deal with the recommendations of the expert report In a statement ASIC said it recognised the assistance and cooperation ...

Industry funds extend winning streak

MARK SMITH  |  WEDNESDAY, 24 AUG 2016
Industry super funds outperformed retail super funds by 2.7% in the 12 months to 30 June, the latest statistics from APRA reveal. The average industry fund returned 4% over the period versus 1.3% from the average retail fund. The numbers contribute ...

Risk advice revenue falls 7pc in 2016

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
Risk advice revenue has dropped to the lowest point since 2013 as advisers anticipate the impacts of pending Life Insurance Framework (LIF) reforms, according to the Investment Trends 2016 Planner Risk Report. According to the report, the average adviser ...

AIST publishes Reconciliation plan

KERRIE SYDEE  |  WEDNESDAY, 24 AUG 2016
The Australian Institute of Superannuation Trustees (AIST) has released its 2016-17 Reconciliation Action Plan (RAP) as the industry body strengthens its commitment to reconciliation with Aboriginal and Torres Strait Islander peoples. AIST chief executive ...

Fund administrator purchases New York business

DARREN SNYDER  |  TUESDAY, 23 AUG 2016
An Australian fund administrator is delivering on its recent US expansion by acquiring New York-based hedge fund administrator Fundadministration. Following the opening of its New York office in July, ASX-listed MainstreamBPO sees its most recent purchase ...